The Home Depot, Inc. (NYSE:HD) Shares Bought by Lifeworks Advisors LLC

Lifeworks Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,049 shares of the home improvement retailer’s stock after purchasing an additional 333 shares during the quarter. Lifeworks Advisors LLC’s holdings in Home Depot were worth $1,641,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the second quarter worth about $33,000. Denver PWM LLC acquired a new position in shares of Home Depot during the second quarter worth about $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the second quarter worth about $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.1 %

Shares of NYSE HD traded down $0.55 during midday trading on Thursday, hitting $409.64. The stock had a trading volume of 473,555 shares, compared to its average volume of 3,369,200. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56. The company has a market capitalization of $406.89 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.79 and a beta of 1.01. The company has a fifty day moving average price of $397.67 and a 200 day moving average price of $365.56.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the business earned $3.81 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HD shares. Bank of America boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.